The infographic below contains key findings from our analysis of the barge transportation market in the Europe
Want a bigger picture? Try a FREE sample of this report now!
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Overview of the barge transportation market in Europe
As per Technavio’s barge transportation market research report, the barge transportation market in Europe is expected to grow at a steady rate and post a CAGR of close to 2% during the forecast period. The increasing transportation of dry bulk goods will drive the growth prospects for the barge transportation market in Europe until the end of 2021. Dry bulk categories include shipments of iron ore, coal, grains, sands, metal scraps, and pellets. Also, low-value bulk items such as municipal waste and recyclable materials like paper, glass, building materials, and metals are shipped through barges. Since barges can transport a large number of goods in one trip, the transportation of bulk goods through barges is highly prefered, which in turn, will fuel the rate of revenue generation in the market. For instance, a single barge can carry about 1550 tons of goods, which is equal to about 14 railcars and around 55 trucks.
The development and modernization of existing fleets will drive the growth prospects for the barge transportation market in Europe during the predicted period. The modernization of these barge vessels includes retrofitting and structural alternations, the replacement or renewal of the new power system, improved performance of vessels, and the development of vessels that consume less fuel. For instance, the addition of propulsion nozzles increases the efficiency of the system and helps reduce fuel consumption by 8%-10%. Restructuring the thruster tunnels in vessels will also reduce transportation costs by 10%-15% and enhance the efficiency of vessels. Such modernizations of existing fleets can reduce the emission of greenhouse gases (GHG) by 10-12% and increase the modal share by 5-7%.
Competitive landscape and key vendors
The barge transportation market in Europe is highly fragmented due to the presence of various vendors. Sustainability, price, and value-added services are some of the key performance indicators of these vendors. Vendors are increasingly competing against each other based on factors such as price, safety, environment, and quality and encounter challenges in the form of expenses incurred for the maintenance of barges and the aging barge fleet. The market is capital-intensive in nature and demands the need for barges with large storage capacity and value-added services, which poses as significant entry barriers for new players.
As per Technavio’s barge transportation market analysis report, the key vendors in this market are -
- Alcotrans Container Line
- Contargo
- Danser
- Rhenus
Other prominent vendors in the market include Acos or NWL, Alpherium, ARA Bulk, Barge Line TODAY, Barge Terminal Born, Dubbelman Container Transporten, Eurobarges, Elbe Rijn Lloyd, Frankenbach, H&S Container Line, and Hapo International Barges.
Get more value with Technavio’s INSIGHTS subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Try the demo
Segmentation by geography and analysis of the barge transportation market in Europe
- Belgium
- Germany
- Netherlands
According to this barge transportation market forecast report, the barge transportation market in Germany is likely to dominate the market during the predicted period. Investments from the forum for inland navigation and logistics towards the modernization of existing fleets and providing better infrastructure development will be the major factor propelling market growth in this region.
Growth drivers, challenges, and upcoming trends: Implementation of fuel cell technology
The implementation of fuel cell technology will propel the growth potential of the barge transportation market in Europe during the estimated period. Fuel cell technology offers very low carbon emissions, stationary power generation, portable power, and combined heat and power (CHP). Though the implementation of fuel cells in barges is highly-expensive, it enhances the economic performance and also benefits the environment in several ways including reduced CO2 emissions.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the barge transportation market in Europe. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the barge transportation market in Europe?
- What are the key market trends impacting the growth of the barge transportation market in Europe?
- What are the challenges to market growth?
- Who are the key vendors in the barge transportation market in Europe?
- What are the market opportunities and threats faced by the vendors in the barge transportation market in Europe?
- What are the trending factors influencing the market shares of Europe?
- What are the key outcomes of the five forces analysis of the barge transportation market in Europe?